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the united states rejects the efforts to denigrate religious beliefs of others, we must oppose the violence that took the lives of these public servants. again, the president will speak about this attack 10:35 eastern, we will carry it for you. and the u.s. embassy in cairo attacked. an american flag was ripped down and destroyed there and remember, we've given billions in aid to egypt. coming up in a few moments, ambassador john bolton will join us, where is america's mideast policy headed and should we keep paying? just this morning, germany's top court approved that nation's participation in a european bailout, paving the way for money printing in europe. and the markets like it. here is a look at dow futures, oil and gold. all of they will are up this morning, as of right now, they're all up. and they were up a whole lot more before the news of america's ambassador being killed in libya, before that news came out. we're up a lot more. we've got a big day for apple. a new iphone expected to be unveiled and mark zuckerburg, says it's time to double down on facebook, we're watching both bi
at this crisis? speak of the united state unites attacked september 11, 11 years ago, and united states attacked september 11 yesterday. what does that mean? the united states territories, the embassy, it was egypt and libya. were they coordinated attacks? when the president came out, as you rightly did, he should have followed that by saying these attacks are not going to be tolerated, we will hold the host governments responsible for this. some indication even in egypt there was advanced warning these attacks are coming which is why the americans had gotten out of that embassy. the president of the united states needs to say to those countries who will hold you responsible, have to protect our people, you have to have better protection of our people and if you don't do that we will reassess our relationship with you because if you don't stand strong right now, this is what happened to jimmy carter and why ronald reagan was elected. jimmy carter did not do something strong. he apologized, said let's try to negotiate and that is the kind of response i heard from president obama. dagen: did we ha
in vermont. of course, the company's first set up. and we still make 70% of our products in the united states. cheryl: and you've been there for 25 years, we should mention to our viewers, you yourself have been with this company for 25 years. one of the most impressive things, i think s you've been able to keep 70% of your manufacturing in the united states at plants in the united states. what's the secret? >> well, the secret is what you have also indicated is the fact of being around for a long time and also thinking long term, making investments. you know, manufacturing in the united states is not easy, and if you're not thinking long term, if you're not continuously investing, it's not possible. because, you know, we have great people, we've got great history. we, in fact, have 73 locations in china and 60% of the product we're shipping from the united states to china. in furniture which is, you know, not made by robots. we still have a lot of labor even though we have a lot of, lot of technology that we've introduced. so i think it's a question of quality, it's a question of craftmanshi
smoke coming out of the u.s. embassy. they have replaced the united state flag. there are also reports they have taken over an american school there as well. fox is trying to confirm all of this. it is similar to what we are seeing and other countries, in particular lebanon. at least one person was killed in the protest. many more were wounded. this comes as pope benedict xvi arrived in lebanon. protesters they were seen ripping up his picture ahead of his visit to lebanon. here in afghanistan, we feared there would be widespread violence. so far, those have not materialized. it has been very peaceful here in kabul. there are real concerns that the rights will spread to afghanistan or pakistan in the coming days. melissa: connor, thank you for that report. lori: these are trying times, that is for sure. let's see how the markets are reacting. nicole petallides is on the floor of the new york stock exchange. nicole: we are keeping a close eye on some of the office product retailers. there is news. the first set of news is stapled it now has private equity firms interested in taking it p
beliefs of others. >> let me state very clearly, and i hope it is obvious, that the united states government has absolutely nothing to do with this video. >> welcome back. the state department sending $70,000 of your tax money to air this ad in pakistan. >> we reject all efforts to denigrate the religious beliefs of others. >> let me state very clearly, and i hope it is obvious, that the united states government had absolutely nothing to do with this video. >> those ads are going to reach about 90 million people in pakistan, running on seven pakistani tv networks. the administration said the attack in libya had nothing to do with the movie. it was planned by months-- for months by al qaeda. charles payne and sandra smith are here, what's your take on this? >> it's outrageous. i'm surprised we didn't see a guy who looked like ben franklin in a powdered wig and a bulldozer, running over the constitution. please, pakistan, please. >> how can we allow christians in america to be boycotted by millions of cities because an executive has an opinion on one thing and then begs them to for
. >> this is offshore buoy much like we use here in the united states off the coast of dell wear and new jersey? >> that's it exactly. >> you have partnered with british petroleum. they will start delivering lng, is that correct? >> that is not done yet. one we're doing is accelerate energy. an american company. that we like and trust. and hopefully they will be our partner in exporting, or i am porting the -- importing the natural gas. >> i'm an investor in the united states programs i could take a stake or investment in accelerator. >> that is great idea. >> what other opportunity because israel natural gas is a state-owned company. how might i get in on what you're building next three or four years to become a natural gas exporter? how can an investor here take part in that? what companies are you working here in the states to work with that infrastructure? >> you can invest basically, although we're fully owned by government we issued bonds, we are rated aa-plus and by moody's and s&p. you could invest with the company but more likely that you would like to invest with the partners around us from th
. it was happening. in the last election, 2008 the jewish vote in the united states when 78 percent president obama. >> if you ask me about the policy of president obama regarding is relevant to you president obama was not a friend of israel. stuart: that is where i have to hand it. dagen and, carry it forward. charles: you'll be interested, we have a big story that just came in. sports related. dagen: everyone listen to this breaking news. you will want to hear it. the owners of the boston red sox have begun quietly shopping the team and are mulling a potential sale of the story baseball franchise. charles: well, charlie gasparino is the one breaking business. he joins us on the telephone with some details. >> reporter: well, full disclosure, this is coming from a yankee fan. [laughter] taken for what it's worth. people with direct knowledge of the situation, here's what we know. the boston red sox management is quietly shopping the franchise. they have had an internal discussion about selling the boston red sox. they have talked to at least one person i know about the potential sale of the price
. dagen: china looking to put an end to the united states domination of the western pacific by expanding its navy presence, forcing the u.s. to send a significant number of troops to the region in response. connell: fox news adam housely is with us now in san diego with the latest on that. adam? >> yeah, connell and dagen it's one of those stories that's kind of flown under the radar a bit because so much is going on in middle east and on going operations in afghanistan but it is extremely important in the pacific because china is doing what it can to really increase its reach if you will because they are going for more resources as we know and more influence in the region. over the course of the last 20 years they have increased their defense spending by 15%. and today they actually unveiled officially their first ever aircraft carrier, actually purchased from the russians and then refurbished by china. it is important because china because of this reach there are problems now with -- water gun attacks in the last days and as well as disputed islands with japan, both sending ships with
surveillance in the united states. after their two weeks of work, lawmakers will likely only finish government spending, maybe disaster aid or benefits for needy families. it is very unlikely congress resolves anything on taxes, fiscal cliff, post office reform, or the farm bill. and a top house republican blames it on the senate and says it is all democrats. >> the u.s. congress has been working quite a bit. it's the u.s. senate that's been stopping everything. so we don't know how much comes to fruition, but we do know we will get things through the house, but when it gets to the senate -- [inaudible]. rich: democrats say it is the republicans fault. in an op-ed in politico, it says since president obama took office republicans have done little but obstruct and delay. democrats have offered their plans. republicans theirs. neither sees the political benefit of negotiating any of this until they know who wins in november. connell: rich, thank you. rich edson in d.c. for more, let's bring douglas holtz-eakin in, former cbo director, also in washington. it's almost a joke to us after a while, t
policy of the united states, progressive area into the fdr and lbj years and we accept those laws now as part of redistribution. stuart: judge, i've the got to jump in. i would go further. i would maintain that to some degree, redistribution, neo-socialism is popular. >> it's popular. certainly popular with the 47% of whom mitt romney spoke. and some receive some for social security and medicare, most are paid money from the government. >> paying payroll taxes on that money. >> this is a scam. here is the the scam. when fdr sold the country on social security, he said we will quote, hold your money for you, his word. we will hold it for you and when you retire, we will give you back your nest egg. he was lying. we know he was lying because at the same time he said we will hold your money for you, he dispatched justice department lawyers to the supreme court to argue against challenges on the constitutionality of social security. and then those arguments, the lawyers said it's not the money of the taxpayer, it's the federal government's money and the federal government is free to spend
. the defense minister pointed out we have best relations between israel and united states of the securities we have ever had. we have operation iron dome which allows the folks in israel to be protected from these rockets. i think it is one of those things that it is election year thing. connell: but the week of the u.n. general assembly, you don't think that's a fair political criticism from the other side? say hey listen, there's a lot going on here in the world, you should have sat down with them, you don't think that's fair? >> i don't think it's fair. he keeps good communications with the rest of the world. our relations with the rest of the world have been better than a long time. when i travel, people were very very pleased with what the administration was doing. they respect the president. look, we're in the last what 40 some days of a presidential campaign. that's the high priority. connell: let's talk about that a little bit before we let you go. the republicans would say look at the unemployment rate under president obama how it's stayed above 8%, this is quote unquote our year, we
the list of one of the wealthiest people in the united states for the 12 year. he has a net worth of $66 billion. while the head of berkshire hathaway came in second with a net worth of $46 billion. that's the latest from the fox business, giving you the power to prosper. melissa: so the fiscal cliff is quickly approaching. let's find out what congress is doing about it. rich edson joins us in d.c. with the latest. rich? >> we'll call them the cliff experts. federal reserve chairman ben bernanke, the director of the congressional budget office and the chief of staff on the joint committee on taxation. these are the authorities on capitol hill what lawmakers actions will do to the economy and the federal budget. they're meeting with members of the senate finance committee and others. fox business was there where budget committee chairman kent conrad said congress could work out a framework to solve the cliff before it hits. >> there might be an interim step in order to give time for the committees of jurisdiction to actually come up with some of the specifics. but that the overall agreeme
of people protesting this anti-muslim film made here in the united states. dagen: rick leventhal from fox news joins us live. rick. >> the pakistani government declared today a national holiday, love for the prophet. nonviolence, but things got ugly fast. and across the streets of pakistan including islamabad to keep protesters from approaching the consulate there. and demonstrations in karachi, five movie theaters were burned and a couple of banks on fire. and one officer killed there. and in peshawar, hundreds of demonstrators set movie theaters on fire and police used tear gas. at some point opened the fire on the people and hit a pakistani news vehicle and killed the driver there. and they were marching through the streets and protesting the anti-muslim film and burned a makeshift coffin draped with an american flag and burned an effigy of president obama and around middle east and africa and security has been beefed up at a number of u.s. and western embassies around the region as a precaution, guys. dagen: rick, thank you for that reporting. connell: and nicole, the new york stock e
the state of the economy than any other government reports we're getting. ashley: united states is one of the world's most economically free countries. think again. the cato institute says the u.s. dropped from the top 10 to 18th on the list in its annual report. coauthor ian vasquez will be our special guest ahead to explain that. 18th in economic --. tracy: we were 10th last year. he has got to tell us what is going on. time for stocks as we do every 15 minutes. we head down to nicole petallides on the floor of the new york stock exchange. nicole we're down about eight points right now? >> right. the truth is yesterday we gave back about 40 points. wee had two weeks in a row about gains. fed stimulus and bond buying extending low rates. everyone seems to be taking a bit of a breather. right now the dow is down as are s&p and nasdaq as well, all to the downside. down .1 or .2 of a percent. we have winners like apple which obviously broke new records. fedex has come under pressure. fedex once again is warning about a tough global economy. so they came out with their numbers today. they
the president of the united states. there are things that can relieve the price of oil we are not doing. dagen: is it healthy that this is not the kind of shock that we saw in 2008 where it will spike above $100 a barrel, was $135 a barrel at the high. oil has remained relatively high for the american people in the last few years and got me chance to learn to live with it. >> that is true but also hurts everybody. certainly the lower end of the economy if you are a person who has to drive a long distance to work and you have to shell out that much more for your pay, it is a problem. natural gas is going to be a substitute that will have its day. we have an unlimited supply. dagen: would you invest in oil and commodities? >> i am already invested in oil and commodities to a great extent because as i said inflation is a genie in the bottle that will get out sooner or later and ben bernanke and all the politicians in the world can't bribe themselves enough to keep it in. dagen: it would take a healthy economy to trigger that and this economy is not. >> it does not take a healthy economy to trigge
been going in terms of violence, and also, he says this is not over yet because if the united states does not respond appropriately to his mind, which means punishing those involved with this film, he says these protests could continue. i said, what do you want to have dope to the filmmakers? he said, well, i'd like to see them tried in front of a sharia court meaning if they don't repent for insulting the prophet, he thinks they should be executed. that shows how quickly, simply how a jihadist leader talks about an anti-american protest brings out a few thousand people in front of the u.s. embassy. that shows the ground swell of anti-americanism now taking place in cairo. back to you. tracy: leeland, out in cay row, thank you very much. ashley: continuing with rising tensions in the middle east, oil traders growing more concerned as conflicts spread west to oil rich nigeria. phil flynn has more on this. are you concerned then, phil, what's going on in nigeria? >> i am right now. see, egypt doesn't produce a lot of oil, and because we built in good buffer of supply in case of a disru
obama left the white house now, but earlier today, he vowed to find the murders. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats, and i directed the administration to increase our security at diplomatic posts around the world, and make no mistake, we will work with the libyan government to bring to justice the killers who attacked our people. >> general national congress of libya just relesioned a statement calling the attack a disapproval or condemning and disapproving of the criminal attack on americans. president obama left here a short while ago headed to nevada for campaign events. back to you. liz: okay. thank you very much, rich edson. again, the conflicting information. now it could possibly have been a very coordinated military style attack versus an angry mob. we are following the story closely. gerri willis will have more on it on her show as well as melissa francis. in the meantime, live here in san fransisco at the intel forum. what's this mean? listen, this is a d
economy and that's why the united states must do what we must to prevent iran from obtaining a nuclear weapon. >> and that's president obama speaking at the u.n. yesterday and ahmadinejad speaks today. in the next hour, the american muslim's response from the american islamic forum for democracy. joining us at 10:15. and elizabeth warren making headlines again, but do you remember this? >> in this country, who got rich on his own, nobody. you built a factory out there good for you, but i want to be clear, you moved your goods to markets on the roads to paid for. >> the woman who started the income envy debate with that rant. turns out she was getting paid by a steel company and that against the unions. could it be true? and that's not all. questions whether she's licensed to practice law. that is just one of our new at ten stories. and then we have barnes & noble. it's got a lighter and thinner e-reader. so, nicole, is the stock up? >> oh, yeah, the stock is up lighter, thinner, high def. you want 7 inches, you want 9 inches, want to be able to read in the dark and do you want a strong
the area. the people in the area are having to adjust and they believe the united states is weak. stuart: coming up, the top of the hour, ten o'clock, kt mcfarland on the policy disarray, can we say that the president's approach to islam is working, yes or no. top of the hour. lt. colonel oliver north will be here, says no, you cannot bring in the marines. two big companies and we're following them on the opening bell. general motors wants the government to sell its stake, but the reports suggest that the government wants to keep in control. apple could we see another all-time high? we're really, really close to 700 a share. we'll check it in just a couple of minutes. >> take a close look at your screen. and would you like this, a new graphic? graphics occupy less of the screen and i can appear more on the screen. i happen to adore the graphics. [laughter] >> the judge likes them too, and you can see more of him. television, what an awful beast it is. and the bell has running and trading slightly to the down side. we were expect ago modest loss at the opening bell, not much, maybe 20,
ahead. and if the united states locked in an economic cold war with china? the author of a new book says yes. he will tell us why he thinks u.s. companies and political leaders need a completely new battle plan to fight the chinese threat. hmmm. as we mentioned the dow only down about 17, 18 points right now. top of the hour. time for stocks as we do every 15 minutes. we head down to nicole petallides on the floor of the new york stock exchange. hey, nicole. >> hey, trace, good afternoon, everybody. the dow is down 18 points. it is off the highs we saw yesterday. closed at the highest level since december of 2007. today pulling back about 18 points. not really giving back that 244 point gain we saw yesterday. right now the nasdaq has a down arrow. the s&p is up one quarter of 1%. i want to look at a laggard though on the dow jones industrial average. that is kraft. when you look at kraft, they have two kinds of businesses. they have the international business and the north american business. they will be spinning off. that will happen october 1st. when they gave the projections for 2013
, they're looking for a 5% drop in the united states which is a pretty bad indicator for america's economy. i think that's actually 5%. so, i really want to move on fast to apple. is it at 700, yes or no? >> no, a nickel, pull out a nickel. that's how far away we are 699.95. stuart: am i right in saying that during regular market hours it has yet to hit 700. pre-market, post market. >> correct. stuart: but-- >> i saw it over 701 overnight. so iphone 5 has been obviously breaking all records. stuart: i here by guarantee, the trumpets will sound when we hit #00. >> i thought you were guarantee 700. stuart: no, not. nice dry, nicole, nice dry. the dow industrial is down as we suggest. i'm going to stay on apple and bring in branding strategist, the author of the book "break through branding". katherine, welcome to the program. >> thanks for having me. stuart: now, i want to talk about the buzz that apple creates, very, very cleverly. did they deliberately produce fewer iphones, just restrict their production knowing that they were going to get huge orders so they could go out and sa
how the united states is responding next. first as we do every day at this time of day, check out how oil is moving right now based on that news out of libya. not moving much at all. down 11 cents. $97.11 a barrel. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathin
of the united states redistributed more income than we have today. connell: let me stop you for one second -- >> -- that's why the economy is having so many problems. connell: and the reason is i want to explain the chart. brian gave us this chart to tell you what you are looking at. government spending percentage of the economy versus stocks, versus the dow. >> yep. connell: so the yellow line is stocks. do you see where it is going up there? going all the way back to the 60s. and the blue line is government spending. it tells you what, brian? >> yeah, it's very very clear, if you look at that chart. back when lbj, lyndon johnson became president in 1965, we passed the great society programs, government spending shot up, and the stock market went nowhere for 17 years. then ronald reagan came in and even bill clinton lowered and reduced spending as a share of gdp, and the stock market exploded, and now in the last decade, under president bush and then obama, government spending has shot up again. no wonder stocks have been flat for the past decade. connell: they have been for a long time.
: all electric. i can understand the resistance in the united states. if we're talking about other countries, fair enough. and that's been its niche market. charles: it is a niche market but big enough market for an individual company like tesla where if you are trying to ram them down everybody's throats ala the volt. i think anybody who buys the roadster isn't going to be worried about the distance on the charge, the cost. when you have 100 grand to blow on a car, those are things that you aren't really --. i think the stock goes to 38. cheryl: thank you very much, charles. we will see you next hour. it is quarter past the hour right now. stocks now and every 15 minutes. nicole: this stock is doing really well today, take a look at the shares are faring right now. tivo has come to an agreement with verizon. it said that verizon actually agreed to pay over 250 million dollars to settle pending patent litigation over video services. considered great news for tivo, up about 5% today. let's take a look at major market averages right now. the dow jones industrial average down 25 point
countries like the united states are already past the 50% penetration market. you got the smart phone. the incremental advantage of a new one, you know, is much less than the advantage for the future phone to a smart phone. >> people always trade up. you don't have total saturation. if you have one, you expect to get the new model, you drop it, you break it, it's note like you're not going to get another one. the expectations, the growth is exploding. 50 million iphones sold in the december quarter; right? that's the base bar. you know, that's the expectation. apple needs to beat that hurdle to keep forward momentum. when you only sold 150 million total units in the june quarter alone, worldwide among all the vendors, a third of the marketplace, is it poll? of course it is, but can they make them fast enough? that's the issue. >> is there backlash setting in for apple? i was watching tv in the samsung galaxy commercial makes fun of the people waiting in line for the iphone5. everywhere you go, you see the galaxy posters, point your phone up, and you get five free songs. there's fierce
's a shock to me, as someone who emigrated to united states many years ago, it's shocking, the bureaucracy is so thick, so huge, i'm astonished-- >> it's amazing, one of the things that's holding people back. you talk about the fact that the unemployment rah it is not markedly getting better, on the contrary it's getting worse, especially frustrated workers. those who are vulnerable, and something interesting in the past in america, unlike other countries, when people become chronically unemployed in the bottom half of the income distribution when they tend to turn towards our own ideas for creating businesses-- you see an explosion of low income entrepreneurship, after about nine months of the income-- out of the income stream and the employment force. it's not happening this time and we have to ask ourselves, what's going on. and there is an answer, and the policy uncertainty to be sure, but more to the point, it's harder and harder to get out from behind this bureaucracy, to start a business and that's especially true, if somebody doesn't have a brother-in-law who is a consultant and so
about the united states and how that relates to what israel does against iran and what we do again to stop iran from developing nuclear weapons? >> it is a really interesting statement from netanyahu. hillary clinton came out yesterday and said no deadlines. i think the israelis want a firm deadline from the united states on when we will do military action because ultimately if you look at this operation, yes, the israelis can hit something, yes, they can do some damage, but only with the united states, only with our b-1 bombers and cruise missiles can you do significant long-term damage to the nuclear facilities in iran. so the question is, yes, the israelis could go alone, but it is always far more optimal to get on board with the united states. so i think this issue is going to remain a live issue into 2013, because i don't see how we have an off ramp. dagen: right. helima terrific to see you. we covered so much in little time. next time more time i promise. >> thanks. connell: new book that's come out from bob woodward. we will talk about that book on the day in which boehner h
.3% in the second quarter. the united states economy is barely, barely moving. now i think voters want to know what's going on. dagen: what's going on with mitt romney, he can't seem to put together a cohesive discussion about the state of the economy that is resonating with voters. you mentioned in the column that he was talking about trade cheaters and energy independence, which seem wholly removed from what is really happening right here right now on the ground for the american people. >> well, the ads that target china as a trade cheater are aimed at voters in northern ohio and around the great lakes where the auto workers are, but obama has been running his own ads hitting china, so i think they kind of neutralize one another. we had a report this morning that durable goods orders have dropped the most since january 09. orders for motor vehicles and motor vehicle parts dropped 11% in august. whatever obama did to bail out the auto industry, those people working in the industries in the northern ohio are the ones affected by a figure like that. and i don't quite understand why romney isn't goin
the next president of the united states! >> keep it up, keep it up. >> now kill it, kill it. >> if we fail, the message stays here with 2,000 or 3,000 people in cleveland, ohio. the goal is to make sure it translates to as many folks as possible. >> ritter monitors the events as they happen. >> hey, will, you're live on all the cables. can i get more hand signs to that crowd behind the gov? >> setting up one event may take weeks and yet -- >> it may last ten minutes. >> then they do it again. 1:00, 2:00 in the morning, we'll do it again. it heads to the next truck and it heads to the next site. >> do you ever sleep or smell bad? >> we went three days with no sleep, no showers. >> always with the fear that one simple mistake, even a poorly chosen image can destroy a campaign. ask michael did you cactus. >diddukakis.>> he didn't want ta helmet. he understood that that was wasn't going to be a distinguish television shot. >> consultant steve murphy worked with dukakis. >> the answer came back, we've arranged for you to ride in a tank, they won't let you ride in a tank without a helmet because
've dropped again, four years in a row, and now six different nations top the united states in the world economic forum's list of the most competitive economies. dagen: and this will go over well, in greece, calls to increase the workweek there to six days. say it ain't so. connell: say it ain't so. a lot to talk about today. at the top of the hour, before we talk about anything else, let's do stocks now as we do every 15 minutes with nicole petallides. disney today, all-time high. nicole: we have a long-term chart of disney to take a look at here. when you look at it year to date, up over 30%. hitting all-time high of 51.13. recently we found that between april and june, disneyland resort drew the most visitors than it ever had before in the same period. of course you think of disneyland, you think of disney resorts, you think of also media and film. films like the avengers for example. disney certainly has recent success and that is evident here in the stock up 2 1/2%. the major market averages the dow right now is up about 8 1/2 points. back above the 13,000 mark. we're watching europ
the president has taken office, for every one dollar added to the economy, the united states has added more than 3 dollars in debt. while there's been a 12% increase in economic output, there's been a 50% increase in the national debt. those are the numbers. here's something not to get lost today. one of the biggest names in america business says the economy is getting worse. we're going to have more on why fedex is lowering its outlook. dagen: you wonder why oil is selling off. one of the biggest names in the bond market, he is here in studio. bob auwaerter coming on. bank of america, merrill lynch just said gold going to end up going to $2400 an ounce. we know how those often work out. look at oil at $96 a barrel. [ horn honks ] [ male nouncer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...e mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if somet
at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >> if we continue this, it will be a disaster. that is the anxiety of the country. i keep saying winter is coming and you better understand that. charles: that was during our last hour reacting to mitt romney's slip in the latest polls. remember you have to tune in every day at 9:20 a.m. eastern time for farney and company. the dow is kind of fighting back here. let's take a look at gold. still down seven dollars. 17.33. not a big change in gas prices over the weekend. the national average still $3.82. he still holding out $4.11. president obama attacked mitt romney's plan. on friday in new hampshire, the president defended his administration for creating jobs. >> today we learned that after losing 800,000 jobs a month when i took office, business once again added jobs for the 30th month in a row. a total
tax rate. the united states have highest corporate tax rate in the industrialized world making us less competitive. we need to bring down the corporate tax rate to attract investors and different corporations as well. we have to simplify the corporate tax code. a lot of extra provisions that can be reduced to simplify and make corporate taxes and individual taxes easier. reducing the rate and simplifying the deductions is the key winning formula. dennis: as soon as we hear reduce the rate that will make some americans feel they are favoring corporations. do you guys want overall corporate tax revenue to go up to help balance the budget? >> corporations have a role to play in the economy and they should play commensurate with their earnings like everybody should pay in terms of how we are structured. in terms of lowering the corporate tax rate increases jobs and that helps americans. by lowering the corporate tax rate you help the economy and individual americans and that is the key to getting the economy started again. dennis: overall should there be an alternative minimum tax so every
as well. all those factors are important. we have our challenges like the rest of the united states but having a sense of urgency and making it happen now is what is in our culture and makes this a city of success. melissa: you know what makes business take because you were the ceo of pizza hut and you are running the city well. the second city in texas we have highlighted in the past week that is adding jobs and doing something right. all about texas. good news. stocks go down. bad news stocks go up. charles payne tries to make sense of all of it for us but take a look at the metals and how metals are driving trading. gold down 1% but copper is the biggest loser on a percentage basis. we will be right back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader strea
in business and financial debt in the future. it will sink our economies, all of us, europe, united states, everybody. lori: harry dent, many thanks for your time and analysis. your forecasting is always great. melissa, chorus is growing louder of private debt bubbles. he makes a great point. melissa: he really does. when comes to gold competitiveness the u.s. is failing again. up next find out where we rank and why the drop and we'll get the take from lou dobbs on all of it. lori: i mentioned in the shot that european yields are coming down. here in the u.s. they're unchanged. we saw buying earlier on some weaker, if you will, economic news. the productivity was sky-high but of course wage growth was muted that is a huge disappointment. our bosses are squeezing everything they can out of us. back with more after this. lori: you're going to get in hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. >> i'm cher
to keep order. it's sort after metaphor what's happening in the united states and countries all around the world where you have, you think you can solve every problem by new regulation, and you have so many different regulations concerns unsportsman like conduct. about ten of them delay of games and illegal, tackler using a helmet to butt. too many regulations for problems on the field. >> and so should the nfl cave and pay more to the regular refs to get them back? >> no, too many-- >> we're going to get e-mails on this, and we will watch whether we've got replacement refs or regular refs. >> we'll watch. >> of course we will. >> and i'll watch, there you go. >> two stories from two states, each will make you angrier than the next, first, union heads give chicago teachers a goldstar for their strike, that shut down schools in seven days, and then, there is california, the formerly golden state where the governor is set to sign a bill that could push even more businesses right out of the state. next. ♪ stuart: new at 10:00 a.m., a truly only in california story. all signs point to je
the right to practice free speech. here in the united states countless publications provoke offense. like me the majority of americans are christian and yet we do not ban blasphemy against our most sacred beliefs. >> the president is one of 36 world leaders speaking today. tomorrow, mahmoud ahmadinejad returns to the united nations it. will be his last appearance as iran's president. back to you. lori: thanks for that. david lee miller from fox news. melissa: coming up tonight on "money" we'll have former new york city mayor rudy giuliani talking about everything we heard right there. as the president talks about reaction to the movie. it is his reaction to everything that happened appropriate? we have terrorists targeting our ambassadors in the middle east and we're talking about this movie. we'll get rudy giuliani's take on that the u.n. is in town. what does it cost us and is it worth it. lori: my mother-in-law is across the street. she is beside herselves on the traffic issues. melissa: what do we get about this whole thing? rudy giuliani coming up 5:00 p.m. eastern here on "money". lori
. >> in the sense that china is slowing down, europe is a mess, a lot of foreign capital coming to the united states, whether it's real estate. equities, treasuries, and worst still the united states, the bad lot. people are going to maintain them and we're outperforming and many versus india and russia and the money is slowing out of the u.s. and you see the money coming here. so far so good. and the scenario is right about bernanke being proactive and the money keeps coming. >> every time you come to the program, a great guest for us to have and we appreciate that. you said, look, go for the big name, international companies, are you still there? >> still there because we like the global footprint and the core competencies and the global brand. it takes decades, good management and core competence to build that out. and apple, ge, ibm, not recommending those, they're good global brands around for 50, 100 years, and they're going to be around for another hundred years. >> joe, good stuff. we appreciate it, thank you so much. sir. time for the gold report. almost at 950 eastern. where are we now? lo
, europe, even china, the united states, print, print, print, up goes the market. i want to go back to president obama and the u.n. general assembly. no face-to-face meetings with world leaders. instead he will appear on abc's "the view", i've got a clip from his appearance. listen to this. >> she should run for office, she says she doesn't want to. >> yeah, i-- i think that michelle would be terrific, but temperamentally i just doesn't think that-- >> all right. friendly audience, light weight subject matter. joining us now is ed klein, the author of the book "the amateur" that refers to president obama. ed klein. >> great to be here. stuart: it appears that the president is disappearing political professionalism by going on "the view", getting to an audience, conventional broadcasts don't reach. >> there's a difference between his political professionalism and astuteness and his governance, which is amateuristic. in other words, when he gets into the washington mix, he's unable to get things done because he doesn't reach out to people. he doesn't create personal relationships in w
and the top 1% or 2% but you need some sort of tax overhaul to make the united states more competitive. connell: we talk about that a lot. the first part, i think it is pretty interesting especially from you. bill clinton argued nobody could have fooled us out of this economic mess in four years and included himself. it sounds like you think we could have been pull out of it but not in a way that some of argued. some argued we need a completely different prescription altogether. you say we needed more money spent than was spent. >> we needed more targeting of what was spent. health care was important but that should have been the second priority. first priority should have been no different than when roosevelt took office. the economy, stupid. you have to put people back to work and he has not done a good enough job and he has to get the best and brightest together and come up for the real dialogue. this is what i'm going to do. not just sweeping generalities or romney and ryan are retrograde to what failed in the first place. team needs a positive agenda for america. connell: let me a
the united states will avoid the fiscal cliff. peter has more on this in washington. >> the package of tax breaks would not avoid the fiscal cliff, but the usual grab bag of so-called tax extensions that congress approves pretty much every year, big ones like patching the al ten -- alalternative minimum tax, but thanks to big time lobbyists and lawmakers from both parties who want to help companies back home, there are plenty of special interest tax breaks in the package, $78 million, for example, for auto racetrack owners for faster writeoffs of investments, and $248 million for movie and tv studios to keep production in the u.s. when other countries over deals, and deals for electric powered motorcycles to encourage energy goals. they justify all of them, of course, and it's hard to get rid of them. >> only right before an election, last thing members of congress want to do is talk about eliminating tax breaks that others claim help create jobs. >> get this, supporters claim they did get rid of some breaks, 21 provisions including that notorious tax credit for electric golf carts. the pa
of coal and the president wants to shut down coal production and the use of coal in the united states and, so that we can export it to our economic competitors around the world. the house is going to speak once again that this is a big step in the wrong direction. >> the white house says this bill packages together a number of harmful measures that would undermined landmark environmental laws and would adversely affect public health, the economy and the environment. if this bill passes the house the senate will very likely pass on even considering it. back to you. ashley: the saudi arabia of coal. that's what we are. rich, thank you very much. >> how about that? procedural vote is happening now in the senate and that's possible that senators could vote on a six-month spending bill and then of course leave town until the november elections but it's not a done deal yet. joining us now with exclusive, for an exclusive interview republican senator mike crapo of idaho. senator, i have to tell you i think i speak on behalf of a lot of americans when i say we are so sick of hearing this kind of
. japan's doing it. europe's doing it. the united states is doing it. and guess what? they are not going to change. end of discussion. stuart: tres, you make so much sense, direct and to the point, we kind of like that. thank you very much. see you soon. the democrats pushing the same message they did over 30 years ago, especially on taxes. here's president carter from 1980. >> the republican alternative is the biggest tax give away in history. they call it -- [inaudible]. i call it a free lunch that americans cannot afford. the republican tax program offers rebates to the rich -- [inaudible]. stuart: i got deja vu all over again, biggest tax give away in the history, rebates to the rich and deprivation for the poor, does that sound familiar? mike reagan is here, author of the reagan revolution. there's a direct parallel in what president obama keeps on saying today and what jimmy carter said 32 years ago. direct? >> you get the idea the same speechwriter is alive and well and writing speeches today as he was writing speeches back for jimmy carter. it never changes. and they keep on thro
. this is blowing up in the face of the democratic party. if the president of the united states tonight continues with a theme of, elizabeth warren, and, the sudden populist drive of former president bill clinton clinton, election may be not close at all because the american people don't want to hear about us and them, telling them that the system is rigged. what they want is a fair, square deal. all they had to do was go back and look at the history of the democratic party. this isn't it. this is an anomaly. this is a departure. melissa: she is right the system is rigged. rigged against anybody that goes tout there to try to earn some money because the government is going to take it away from you. she is right but won the exact wrong point or conclusion. >> i have advice, since you prompt me in that direction for the republicans. republicans shouldn't get in a whine-off with the democrats. big boys and girls run big companies in this country and small business. it is time for everybody to stop the whining and get moving. what we desperately need in this country is a leader, in the senate, in the
-growing metropolitan area in the united states. we have been adding new jobs but not fast enough. we have a good healthy diverse economy that will see us through over the long run. >> all the ancillary towns as well especially with hotels and things like that. >> absolutely from a direct economic impact but the bigger picture, charlotte has never played on this largest age before. we have been about building charlotte over the last half century or so. this is our debut. the largest such event we ever hosted and the eyes of the world are upon us. most of your viewers and visitors have never been to charlotte before. we have a very positive city to show to our visitors and to the world and there are a lot of people we have talked to on your staff talking about how we can figure out how to move to charlotte. it is a positive product in the business of selling charlotte. tracy: thank you very much. >> thank you as welcome back. tracy: bank of america's headquarters. ashley: big banking community. the nasdaq and s&p turning positive in the last hour and the dow fighting to join them. you don't want t
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